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Stock Markets Surge Even as 1.1 Million U.S. Workers File New Unemployment Claims

HeadlineAug 21, 2020

The Labor Department reports 1.1 million U.S. workers filed initial unemployment claims over the last week — up from 970,000 the previous week. Meanwhile, stock prices continue to soar on Wall Street. The S&P 500 and Nasdaq stock indexes both hit record highs this week. On Wednesday, Apple became the first U.S. company to be valued at $2 trillion.

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